CSSC Offshore & Marine Engineering Group Co Ltd

CSSC Offshore & Marine Engineering has released its 2026 interim report. Total operating revenue was 11.12 billion yuan, up 9.31% year on year, and net profit attributable to the parent company was 837 million yuan, up 58.94% year on year. Net cash inflow from operating activities was 5.253 billion yuan, up 243.11% year on year. The company's asset-liability ratio was 62.90%, gross margin was 10.70%, return on equity was 4.41%, and diluted earnings per share was 0.59 yuan. The number of shareholders was 73,400, and the top ten shareholders held 77.97% of the total share capital.

CSSC Defense expects its first-half 2026 net profit attributable to the parent company to be between 790 million and 890 million yuan, representing a year-on-year increase of 50.08% to 69.08%. Deducted non-recurring net profit is expected to be between 740 million and 840 million yuan, up 50.71% to 71.08% year-on-year. The company stated that the shipbuilding industry is operating at a high level, with an optimized order book structure and a full production schedule. At the same time, lean production management has driven a year-on-year increase in product gross margins, while improved performance of associated companies and higher dividends from investee companies have led to a substantial year-on-year increase in investment income.

On the 3rd, the Shanghai Composite Index rebounded in mainland China trading, closing at 4043.64, up 14.74 points or 0.37 percent from the previous day. In addition to bargain hunting after the sharp decline, buying of consumer-related stocks that had been lagging lifted the market. Fading expectations for a US rate hike provided support from the external environment, and China's services Purchasing Managers' Index significantly exceeding market forecasts also invited buying. By sector, auto-related stocks were firm, with Sailun Tire up 5.2 percent, Yutong Bus up 5.1 percent, and Foton Motor up 4.7 percent. Shipbuilding also rose, with China State Shipbuilding Corporation up 8.1 percent and CSSC Defense up 6.1 percent. On the other hand, chemical stocks were sold, with Zhejiang Juhua down 10.0 percent, and non-ferrous and precious metals also declined, with Yunnan Precious Metals down 8.8 percent. The Shanghai B-share index ended at 274.28, up 3.44 points or 1.27 percent, while the Shenzhen B-share index finished at 1117.81, down 0.14 points or 0.01 percent.